The Far Side of Eurogroup President Jeroen Dijsselbloem

Eurogroup President Jeroen Dijsselbloem said on Tuesday he was surprised by the IMF's most recent review of Greece, which he said was unnecessarily pessimistic.

The unpublished report says that Greece's debt load is unsustainable.
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Greece is in a better condition than the IMF thinks says Dijsselbloem
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Here is Bill Mitchell

In last year’s – Greece: Staff Concluding Statement of the 2016 Article IV Mission (released September 23, 2016) – the IMF said:

Looking forward, growth prospects remain weak and subject to high downside risks, and unemployment is expected to stay in the double digits until the middle of the century.

Yes, remember that little piece of understatement – the Greek unemployment rate will remain in double figures until at least 2050.

33 years to go.

Some young people in Greece may never have the opportunity to work.

Just found this table via Alphaville (source). It shows that staying in the euro was the worst decision Greece could have taken. The comparison with other EMs is telling.

Greece compared to other EMs

Schäuble and Dijsselbloem in Greece
(Image: Gary Larson)